2017 has seen more expat mortgage business being conducted than years gone by and figures are still improving as the year draws to a close. This year has seen a lot of changes taking place in the buy-to-let market and it looks like being the same next year as well. The Chancellor announced many changes […]
This financial year has seen more new expat mortgage business being conducted than this time last year and applications are still rising as the year progresses. Mortgage rates are at a record low fuelling the increase in business being done in all sectors of the mortgage market. Even with the recent base rate rise there […]
Two-fifths of expats (42%) re-mortgagors opted for a five-year fix in October, the third month in a row that the percentage of re-mortgagors fixing for 3 plus years has grown. Reason for the surge in demand is fears of more rises in interest rates with 56% of September’s re-mortgagors anticipating the Bank of England increasing […]
We have seen a significant increase from expats wanting to secure property in the UK due to falling house prices in the majority of European countries. Since the Brexit vote interest as increased substantially as expats want to secure a foothold in their native country. Expats living in France and Belgium, for example, have seen […]
An interest rate rise from the Bank of England in the near future is being described as a “near certainty” as inflation hits 3%. The Office of National Statistics said that in the year to September inflation had risen to 3%, the highest annual rate since March 2012. The announcement makes an interest rate rise […]
More than a fifth of expat mortgage payers won’t shift to a new lender, no matter how good a new deal they are offered, according to research. Mortgage experts say staying with your existing mortgage provider could be the equivalent of turning down a pay rise. According to the new data, more than a third […]
A leading economic research consultancy has warned that mortgage rates are set to rise, putting a brake on house price inflation. According to expert’s mortgage rates are set move back above 3% by the end of the year. Economists have suggested that the first interest rate increase for a decade could come as early as […]
There was a surge in re-mortgage activity in August, as expat borrowers look to lock into cheap deals ahead of an expected interest rate rise. Since the financial crisis in 2008 mortgage rates have steadily fallen. The Bank of England cut interest rates in August 2016 from 0.50% to 0.25% – the lowest on record […]
The Bank of England has hinted that it could raise interest rates for the first time in a decade to curb inflation, with economists predicting a hike could come as soon as November this year. In the minutes of its latest Monetary Policy Committee meeting, the Bank said: “A majority of MPC members judge that, […]
House prices are 3.4% higher than they were a year ago, according to the latest figures just released. The annual growth rate in the three months to August was higher than the 2.7% annual growth recorded in July. The average UK house price is now £222,000 after property values climbed 1.3% between July and August. […]
